Arla Foods to issue DKK 1 billion debenture loan
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- 22 April 2004
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Arla Foods amba’s Supervisory Board has decided to issue a subordinate debenture loan of DKK 1 billion with a maturity of seven years and an option for an extension for a further three years.
The loan is intended to strengthen Arla Foods’ potential for undertaking further investments and acquisitions.
”The loan will enhance our financial stand-by arrangements and thus help implement the strategies aimed at ensuring Arla Foods’ position in the European dairy industry,” said Group Finance Director Jørn Wendel Andersen, Arla Foods.
The loans’ status as subordinate loan capital will bring the Group’s solvency on a par with the strategic target of approx. 30%.
Arla Foods is an international dairy company owned by 9,700 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. Arla Foods is one of the leading players in the international dairy arena with well-known brands like Arla®, Lurpak®, Puck® and Castello®. Arla Foods is focused on providing good dairy nourishment from sustainable farming and operations and is also the world's largest manufacturer of organic dairy products.